Welcome to our dedicated page for EVEXW news (Ticker: EVEXW), a resource for investors and traders seeking the latest updates and insights on EVEXW stock.
The EVEXW news page on Stock Titan aggregates coverage related to Eve Air Mobility’s public warrants and the underlying company. Eve Air Mobility describes itself as an aerospace company dedicated to developing an electric vertical take-off and landing (eVTOL) aircraft and the broader Urban Air Mobility (UAM) ecosystem. News associated with EVEXW often reflects milestones in Eve’s aircraft program, partnerships, funding activities and ecosystem development efforts.
Company releases linked to EVEXW include updates on eVTOL prototype testing, such as the initiation of a full‑scale uncrewed prototype flight test phase, as well as supplier selections for key components like electric pusher motors. Investors following EVEXW can also see announcements about letters of intent and agreements for future eVTOL fleets and services in markets including Brazil, Costa Rica, the Middle East and other regions, where Eve works with operators, vertiport developers and government entities.
Financial communications tied to EVEXW cover Eve Holding, Inc.’s quarterly results, where the company reiterates that it is pre‑revenue and that its financial statements mainly reflect research and development and other development-related expenses. Additional news items describe equity capital raises, dual listings involving Brazilian depositary receipts, and collaborations focused on regulation, vertiport infrastructure and workforce training for UAM.
By monitoring EVEXW news, readers can follow how Eve Air Mobility reports progress on its eVTOL aircraft design, its TechCare services and Vector Urban Air Traffic Management system, as well as its relationships with partners and authorities. This context can help warrant holders and other market participants understand the company developments that management highlights in connection with its listed common stock and public warrants.
Eve Holding, Inc. (NYSE: EVEX, EVEXW) released its fourth quarter and fiscal year 2022 earnings, reporting a net loss of $20.1 million for Q4 and $174.0 million for the year. Key developments include raising $355 million through a de-SPAC transaction and securing $92.5 million in credit lines from Brazil's National Development Bank. Eve holds a backlog of 2,770 non-binding LOIs from 26 customers across 12 countries, providing strong long-term revenue visibility. The company is advancing its eVTOL certification process with Brazilian and U.S. authorities, targeting 2026 for service entry. Total liquidity exceeds $400 million, ensuring funding for R&D through 2025.
Eve Holding reported a net loss of $36.7 million in Q3 2022, up from $3.8 million in Q3 2021, primarily due to increased R&D and SG&A expenses and $17.4 million in non-cash warrant charges. R&D costs surged to $14.3 million from $2.8 million year-over-year. The company's cash consumption rose to $17 million compared to $2.4 million in Q3 2021. Despite the losses, Eve retains $329.9 million in liquidity and secured $92.5 million in credit lines from Brazil's BNDES to support its eVTOL development.
Eve Air Mobility announced the approval of $92.5 million in credit lines by Brazil's National Development Bank (BNDES) to support its eVTOL development program. The financing includes two distinct credit lines with a 12-year maturity and an amortization grace period. One line supports climate change mitigation projects, while the second focuses on innovative industrial projects. BNDES's backing is expected to enhance Eve's capital structure and align with its commitment to zero-emission aircraft and sustainable urban mobility solutions.
Eve Air Mobility (NYSE: EVEX; EVEXW) has signed a Letter of Intent with FlyBIS Aviation to collaborate on developing electric vertical take-off and landing (eVTOL) operations in Brazil and South America. FlyBIS plans to purchase up to 40 eVTOL aircraft from Eve, targeting high-traffic tourist areas to enhance urban air mobility. FlyBIS aims to expand operations to neighboring countries by 2026, contributing to Eve's order backlog of 2,770 eVTOLs. This collaboration reflects both companies' commitment to sustainable air mobility solutions.
Eve Holding, Inc. (NYSE: EVEX; EVEXW) announced it is unable to file its Quarterly Report on Form 10-Q for the quarter ending September 30, 2022, on time due to the need for further assessment of its financial statements. The company received a notice from the NYSE regarding non-compliance with its listing standards, allowing six months to regain compliance by filing the Form 10-Q. If not filed within this period, the company may face suspension and delisting. Eve aims to file the report as soon as possible to restore compliance.
Eve Air Mobility (NYSE: EVEX; EVEXW) has entered into a Letter of Intent with Bluenest, a Globalvia company, to provide its Urban Air Traffic Management (UATM) software for future vertiport automation systems. The partnership aims to develop operational models tailored to UAM operations, enhancing efficiency and safety in air traffic management. This collaboration positions Eve as a significant player in the UAM ecosystem, contributing to the integration of eVTOL aircraft and automated systems in urban environments.
